Guam § 32401 - Creditor Entitled to Surety's Securities.
Full text of Guam Guam Code Annotated § 32401 — Creditor Entitled to Surety's Securities., with citation guidance and answers to common questions.
§ 32401. Creditor Entitled to Surety's Securities.
A creditor is entitled to the benefit of everything which a surety has
received from the debtor by way of security for the performance of the
obligation, and may, upon the maturity of the obligation, compel the
application of such security to its satisfaction.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 32401
What does Guam Code Annotated § 32401 cover?
Section 32401 ("Creditor Entitled to Surety's Securities.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 32401?
A common citation format is "Guam Code Annotated § 32401" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 32401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.